NexPoint Residential Trust Announces 2023 Dividend Income Tax Treatment

    Author microcapwatchPosted on Categories Real EstateTags , , ,

    DALLAS, Jan. 30, 2024 /PRNewswire/ — NexPoint Residential Trust, Inc. (“NXRT” or the “Company”) (NYSE: NXRT) announced today the final income allocations of the Company’s 2023 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:

    Common Shares (CUSIP #65341D102)















    Ex

    Dividend

    Date

    Record

    Date

    Payable

    Date

    Distribution

    Per Share

    Taxable

    Ordinary

    Income

    Per Share

    (1)

    Taxable

    Capital Gain

    Distr.

    Per Share

    (2)(3)

    Unrecap.

    Sec.

    1250

    Gain

    Per

    Share

    Return of

    Capital

    Per Share





















    3/14/2023

    3/15/2023

    3/31/2023

    $0.42000

    $0.00000

    $0.42000

    $0.13449

    $0.00000

    6/14/2023

    6/15/2023

    6/30/2023

    $0.42000

    $0.00000

    $0.42000

    $0.13449

    $0.00000

    9/14/2023

    9/15/2023

    9/29/2023

    $0.42000

    $0.00000

    $0.42000

    $0.13449

    $0.00000

    12/14/2023

    12/15/2023

    12/29/2023

    $0.46242

    $0.00000

    $0.46242

    $0.14730

    $0.00000























    Totals

    $1.72242

    $0.00000

    $1.72242

    $0.55079

    $0.00000














    100.00 %

    100.00 %

    0.00 %











    (1) 100% of the amount reported as Taxable Ordinary Income is treated as a qualified REIT dividend for purposes of Section 199A

    (2) The Section 897 Capital Gain amount is equal to 100% of the total Capital Gain Distribution


    (3) Pursuant to Treasury Regulation §1.1061-6(c), NexPoint Residential Trust is disclosing additional information related to the

    capital gain distributions reported on Form 1099-DIV, for purposes of Section 1061. Section 1061 is generally applicable to

    direct and indirect holders of “applicable partnership interests.” The “One Year Amounts” and “Three Year Amounts” required

     to be disclosed are both zero with respect to the 2023 distributions, since all capital gain dividends relate to Section 1231 gains.

     

    About NXRT

    NexPoint Residential Trust is a publicly traded REIT, with its shares listed on the New York Stock Exchange under the symbol “NXRT,” primarily focused on acquiring, owning and operating well-located middle-income multifamily properties with “value-add” potential in large cities and suburban submarkets of large cities, primarily in the Southeastern and Southwestern United States. NXRT is externally advised by NexPoint Real Estate Advisors, L.P., an affiliate of NexPoint Advisors, L.P., an SEC-registered investment advisor, which has extensive real estate experience. More information about the Company is available at http://www.nxrt.nexpoint.com.

    CONTACTS

    Investor Relations

    Kristen Thomas

    [email protected]

    Media Relations

    Prosek Partners for NexPoint

    [email protected]

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    SOURCE NexPoint Residential Trust

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